By | 2019 Newsletter week 21 | No Comments

In its trading update (year to date, 11 May 2019), Irish Continental Group notes healthy figures for ro-ro freight, but a little dip in tourism transport.

ICG’s Ferries Division Irish Ferries (1 January – 11 May)
-8.5% Cars
+6.6% Ro-Ro Freight

ICG’s Ferries Division Irish Ferries (1 January – 30 April)
-1.1% Total revenues (including intra-division charter income). The decrease was principally due to lower tourism volumes resulting from the planned suspension of fastcraft services on the Dublin to Holyhead route in the period up to 14 March compared to the prior year, partially offset through increased freight volumes.

The planned suspension of fastcraft sailings in the off-peak season was the primary reason for reduced tourism carrying in the period. In addition, the proposed withdrawal of the United Kingdom from the European Union had some negative impact on UK passenger bookings in the lead up to the proposed exit date of 29 March 2019.
The recent agreement between the Irish and British government to continue and formalise the Common Travel Area whatever the outcome of the UK withdrawal negotiations is a positive development, says ICG.

Irish Continental Group’s Trading Update

By | 2018 Newsletter week 20 | No Comments

Irish Continental Group’s Trading Update

ICG carryings for the year to date to 8 May 2018:

  • Cars 100,400 (98,000) = +2.4%
  • Ro-ro freight 99,500 (95,800) = +3.9%
  • Container Freight TEU 116,400 (115,100) = +1.1%
  • Terminal Lifts 109,000 (104,000) = +4.8%

Financial information for the first four months of 2018:

  • Consolidated Group revenue €96.4 million = +1.4%
  • Net cash €69.3 million compared with €39.6 million at 31 December 2017 which includes the proceeds from the sale of the JONATHAN SWIFT.
  • Total revenues €52.3 million= -2.4% decrease